As of August 8, 2024, the black market exchange rate for the Dollar to Naira, also known as the parallel market (Aboki fx), is as follows:

– **Buying Rate**: ₦1605 per USD
– **Selling Rate**: ₦1615 per USD

These rates are sourced from Bureau De Change (BDC) operators in Lagos.

**Official CBN Exchange Rates:**

– **Buying Rate**: ₦1591 per USD
– **Selling Rate**: ₦1592 per USD

Please be aware that the Central Bank of Nigeria (CBN) does not officially endorse the parallel market rates and advises individuals to use their respective banks for foreign exchange transactions.

**Additional News:**

The Central Bank of Nigeria (CBN) has approved the merger of Unity Bank Plc and Providus Bank Limited, marking a significant development in the Nigerian banking sector.